REQUIRED READING: Working in the bankruptcy world for the first half of 2009 has been both interesting and challenging. Not only have we seen the [read more]
REQUIRED READING: When borrowers stop making payments on their mortgages, it is likely that they have also stopped paying other obligations. When those other obligations [read more]
Keeping Fannie Mae and Freddie Mac under conservatorship "cannot be a long-term solution," Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), wrote [read more]
BLOG VIEW: I am not a fan of payday loan operations. These unregulated financial service providers offer quickie loans that include an absurdly high interest [read more]
REQUIRED READING: For the past couple of years, it has become a fairly common practice for lenders and servicers to employ forensic loan audits on [read more]
PERSON OF THE WEEK: When an intricately structured commercial mortgage deal completed during the securitization era runs into trouble, arranging a modification palatable to all [read more]
REQUIRED READING: An important and far-reaching decision recently issued by the Massachusetts Land Court significantly changes the state's foreclosure practice and detrimentally affects many real [read more]
Less than a week after the Federal Housing Administration (FHA) announced it would pursue legislative authority to increase its lender enforcement options, the agency went [read more]
The House Committee on Oversight and Government Reform has launched an investigation into federal foreclosure mitigation programs, committee chair Ed Towns, D-N.Y., informed Treasury Secretary [read more]
iEmergent, a Des Moines, Iowa-based market research firm, has issued a first-quarter update to its formal 2010-2014 Mortgage Volume Forecast that was originally released in [read more]
Select Portfolio Servicing Inc.'s $95 million bid on Thornburg Mortgage Inc.'s servicing portfolio is awaiting confirmation from a bankruptcy court judge in Baltimore, the Wall [read more]
GMAC Financial Services has released a statement explaining its decision to move the Ditech business operation to the company's corporate center in Fort Washington, Pa. [read more]
The LOGS Network has announced that Minnesota-based law firm Shapiro, Nordmeyer & Zielke LLP has been renamed Shapiro & Zielke LLP. The firm was founded [read more]
AccuFund Inc., a provider of financial reporting and accounting software for nonprofit, municipal and government organizations, says its Loan Tracker module has been integrated into [read more]
Hancock, Minn.-based 1st American State Bank of Minnesota was the lone bank closing Friday. The Federal Deposit Insurance Corp. (FDIC)-insured institution was closed by the [read more]
The Federal Trade Commission (FTC) has proposed a new rule that would forbid companies from charging up-front fees for foreclosure prevention services. Instead, the FTC [read more]
An increasing number of lenders to the commercial real estate sector predict loan production will increase this year, according to Jones Lang LaSalle's annual 2010 [read more]
Boston-based State Street Bank and Trust Co. has agreed to repay fund investors more than $300 million to settle Securities and Exchange Commission (SEC) charges [read more]
Residential Mortgage
